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☆ Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
▼ + stars: | 2023-03-28 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, US, on Monday, March 6, 2023. Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank's links to disgraced former financier Jeffrey Epstein, according to a person with knowledge of the matter. Dimon agreed to be interviewed under oath, at an undetermined date in the future, for two civil lawsuits tied to the convicted sex offender Epstein, according to the person, who declined to be identified speaking about the case. The suits, one from an alleged victim and another from the U.S. Virgin Islands, allege that the New York-based bank ignored red flags about Epstein and profited from dealing with him. Earlier this month, JPMorgan sought to lay any blame from the episode on a former senior executive.

[1/2] A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah MeyssonnierNEW YORK, March 20 (Reuters) - A U.S. judge said on Monday JPMorgan Chase & Co (JPM.N) and Deutsche Bank AG (DBKGn.DE) must face lawsuits accusing them of enabling Jeffrey Epstein's sex trafficking. Rakoff's decision gives the plaintiffs a chance to prove that JPMorgan and Deutsche Bank knowingly benefited from involvement in Epstein's sex trafficking. Epstein had been a client of JPMorgan from 2000 to 2013, and Deutsche Bank from 2013 to 2018. The cases in the U.S. District Court, Southern District of New York are: Jane Doe 1 v Deutsche Bank AG et al, No.

[1/2] A J.P. Morgan logo is seen outside the JPMorgan bank offices in Paris, France, January 27, 2023. REUTERS/Sarah MeyssonnierNEW YORK, March 20 (Reuters) - A U.S. judge on Monday said JPMorgan Chase & Co (JPM.N) must face a lawsuit by the U.S. Virgin Islands accusing the bank of enabling the late financier Jeffrey Epstein's sex trafficking. The judge also said JPMorgan and Deutsche Bank AG (DBKGn.DE) must face lawsuits by two women who said Epstein sexually abused them, and who also accused the banks of enabling his sex trafficking. U.S. District Judge Jed Rakoff in Manhattan dismissed some claims in all three lawsuits. Reporting by Jonathan Stempel in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ JPMorgan Chase can be sued by Virgin Islands over Jeffrey Epstein sex trafficking claims
▼ + stars: | 2023-03-20 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

Epstein, who killed himself in a Manhattan jail in 2019 while awaiting trial on federal criminal child sex trafficking charges, was a JPMorgan client from 1998 through 2013. "Epstein's sex trafficking operation was impossible without the assistance of JPMorgan Chase, and later Deutsche Bank," Edwards said. In the Virgin Islands' suit, Rakoff sustained the government's claim that JPMorgan Chase benefited from participating in Epstein's sex trafficking, which included shipping women to his private island in the U.S. territory. The judge dismissed all other claims in the Virgin Islands' and accusers' cases. In a statement, U.S. Virgin Islands Acting Attorney General Carol Thomas-Jacobs said, "We are pleased that the U.S. Virgin Islands will continue to work alongside survivors to hold JPMorgan Chase accountable for enabling Jeffrey Epstein's heinous sex-trafficking venture."

☆ Former JPMorgan executive, ex-Barclays CEO Staley to be deposed next week
▼ + stars: | 2023-03-17 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

Lawyers for the bank said during a hearing on Thursday they would depose Staley, who also served as Barclays Plc's (BARC.L) chief executive, on March 23 and 24. JPMorgan has accused Staley, its former head of private banking, of "intentional and outrageous conduct" in concealing information about Epstein, with whom he had been friends. The lawsuit seeks to force Staley to return eight years of compensation and reimburse JPMorgan for damages the company might incur in the other lawsuits. Last week, Rakoff had ordered the bank to hand over more documents concerning its CEO Jamie Dimon. A separate trial involving an Epstein victim suing Deutsche Bank AG (DBKGn.DE) may also be rescheduled.

"Jamie Dimon knew in 2008 that his billionaire client was a sex trafficker," attorney Mimi Liu told Manhattan U.S. District Judge Jed Rakoff at a hearing late Thursday, referring to the year Epstein was first criminally charged with sex crimes. "If Staley is a rogue employee, why isn't Jamie Dimon?" The lawyer continued: "Staley knew, Dimon knew, JPMorgan Chase knew" about Epstein's criminal conduct. Simon Dawson | Bloomberg | Getty ImagesA lawyer for JPMorgan disputed those arguments, "in particular the point about Jamie Dimon having any specific knowledge." Wexler also said, "Jamie Dimon has no recollection of reviewing the Epstein accounts."

☆ JPMorgan Chase sues former senior banker with ties to Jeffrey Epstein
▼ + stars: | 2023-03-09 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

JPMorgan Chase sued its former investment banking chief Jes Staley over his ties to disgraced former financier Jeffrey Epstein, alleging that Staley is to blame for any legal fallout from a pair of lawsuits against the bank. The legal maneuver is the latest twist in cases that have embroiled the biggest U.S. bank by assets. Late last year, the U.S. Virgin Islands and a group of alleged Epstein victims sued the bank, accusing it of facilitating the sex offender's crimes. JPMorgan kept Epstein as a private wealth client until 2013, in part because Staley vouched for him, despite internal concerns after Epstein's 2008 conviction on sex crimes. As pressure on the bank increased, JPMorgan went from defending its former executive in recent weeks to shifting the blame for any Epstein fallout to him.

U.S. District Judge Jed Rakoff in Manhattan said the bank must turn over requested documents from 2015 to 2019, a period after JPMorgan had dropped Epstein as a client. The U.S. Virgin Islands has called Dimon "a likely source of relevant and unique information" about why JPMorgan kept Epstein on, and discussions on Epstein's referrals of prominent and wealthy potential clients. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. JPMorgan wants Staley to reimburse it for damages it might incur in the other lawsuits, and return eight years of compensation. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

The Wall Street bank also wants Staley to repay all compensation from 2006 to 2013. Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and denied knowing about the financier's alleged crimes. Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. Staley resigned as Barclays' chief executive in November 2021 amid a dispute with British financial regulators examining his ties to Epstein. The cases are JPMorgan Chase Bank NA v Staley, U.S. District Court, Southern District of New York, No.

☆ Jamie Dimon throws Staley off fortress battlements
▼ + stars: | 2023-03-09 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

Suing former employees – in this case using an archaic-sounding doctrine that brands Staley a “faithless servant” – isn't a great look, but the bank led by Jamie Dimon has more reasons than most to defend itself. His $400 billion firm is being pursued for unspecified damages by a woman who argues that it knew of Epstein’s sex trafficking venture, and is also being sued by the government of the U.S. Virgin Islands. The bank has delivered a more than 400% total return to shareholders since Dimon took over in 2006, while talking up its “fortress” balance sheet. If JPMorgan loses either of the lawsuits in which it is a defendant, it wants Staley to share in the damages. Current or future employees might worry they too could find themselves branded a faithless servant for failing to disclose moral missteps, or having clients who fall from grace.

☆ Jamie Dimon throws Jes Staley off the battlements
▼ + stars: | 2023-03-09 | by ( Neil Unmack | ) www.reuters.com time to read: +4 min

Suing former employees – in this case using an archaic-sounding doctrine that brands Staley a “faithless servant” – isn't a great look, but the bank led by Jamie Dimon has more reasons than most to defend itself. His $400 billion firm is being pursued for unspecified damages by a woman who argues that it knew of Epstein’s sex trafficking venture, and is also being sued by the government of the U.S. Virgin Islands. If JPMorgan loses either of the lawsuits in which it is a defendant, it wants Staley to share in the damages. Current or future employees might worry they too could find themselves branded a faithless servant for failing to disclose moral missteps, or having clients who fall from grace. CONTEXT NEWSJPMorgan on March 8 filed a complaint against former executive James “Jes” Staley, for not disclosing his relations with former client and sex offender Jeffrey Epstein.

☆ JPMorgan Sues Former Executive Jes Staley Over Jeffrey Epstein Ties
▼ + stars: | 2023-03-08 | by ( David Benoit | Khadeeja Safdar | ) www.wsj.com time to read: 1 min

Jes Staley has maintained he was friendly with Jeffrey Epstein but never knew about his alleged crimes. JPMorgan Chase & Co. sued former executive Jes Staley over his ties to Jeffrey Epstein , revealing that Mr. Staley has been accused of sexual assault. The bank is facing lawsuits from the U.S. Virgin Islands and from an unnamed woman alleging it aided Epstein’s yearslong sex trafficking by allowing him to remain a client and helping him send money to victims.

[1/3] Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. The U.S. Virgin Islands is seeking damages from JPMorgan for missing red flags about Epstein's misconduct on Little St. James, a private island he owned there. Dimon and Staley, who later served as Barclays Plc's (BARC.L) chief executive, are not defendants in either lawsuit. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

In a Thursday filing in Manhattan federal court, the U.S. Virgin Islands said JPMorgan's wrongful conduct continued at least until August 2019, when Epstein killed himself. The U.S. Virgin Islands called Dimon "a likely source of relevant and unique information" about decisions to retain Epstein as a client, and discussions on Epstein's referrals of prominent and wealthy potential clients. According to the filing, the business referral relationship continued after Epstein stopped being a client. The U.S. Virgin Islands is suing JPMorgan for unspecified damages, saying the bank should have known about its "high-risk" former client's misconduct on a private island he owned there. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

☆ JPMorgan says it is not liable for top banker's ties to Jeffrey Epstein
▼ + stars: | 2023-02-23 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Lawyers for the U.S. Virgin Islands did not immediately respond to requests for comment. Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. After leaving JPMorgan, Staley became chief executive of Barclays Plc (BARC.L) but resigned in November 2021 amid a dispute with British financial regulators examining his ties to Epstein. Epstein's victims are also suing JPMorgan and Deutsche Bank AG (DBKGn.DE), where Epstein was a client from 2013 to 2018. The case is Government of the U.S. Virgin Islands v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

☆ Emails Reveal Deep Ties Between Jeffrey Epstein, Former Barclays CEO Jes Staley
▼ + stars: | 2023-02-16 | by ( David Benoit | ) www.wsj.com time to read: 1 min

Jes Staley has maintained he was friendly with Jeffrey Epstein but never knew about his alleged crimes. Former Barclays PLC chief Jes Staley exchanged more than a thousand emails with convicted sex offender Jeffrey Epstein , some of which included photos of young women in seductive poses, according to court documents released this week. The emails, revealed by the U.S. Virgin Islands government in a lawsuit against JPMorgan Chase & Co., where Mr. Staley was once a top executive, shed new light on the relationship between the banker and the late financier who was charged with sex trafficking before his apparent suicide in 2019.

Say hi to Snow White," Staley emailed Epstein in July 2010, according to filings on Wednesday with the U.S. District Court in Manhattan. "Beauty and the Beast," Staley allegedly responded, to which Epstein replied: "Well one side is available," according to the filing. According to the lawsuit, Staley exchanged around 1,200 emails with Epstein from his JPMorgan email account between 2008 and 2012. Staley allegedly wrote to Epstein on Nov 1, 2009, describing his relationship with Epstein as "profound". One month later, Staley allegedly wrote to Epstein to say how great it had been to give him "a long, heartfelt hug", after which Epstein allegedly sent Staley two pictures of young women.

The banks said there were no allegations they knew about or actively did anything to further Epstein's sex trafficking, and had no legal duty to protect the women from his abuses. The plaintiffs have said numerous cash payments from the banks were used to pay Epstein's victims. Epstein killed himself at age 66 in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. The cases are Jane Doe 1 v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No. 22-10018, and Jane Doe 1 v JPMorgan Chase & Co in the same court, No.

☆ Fact Check-Tom Hanks did not tweet about Epstein Island, QAnon followers
▼ + stars: | 2023-01-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A fabricated screenshot is circulating that appears to show actor Tom Hanks insulting QAnon followers and discussing “Epstein Island” on Twitter. It is a clear fake, created by a satirical Twitter account. The tweets reference Little Saint James, a private island in the U.S. Virgin Islands that belonged to late disgraced financier Jeffrey Epstein. (here)Reuters has previously debunked false claims that Hanks is recorded in the financier’s flight logs to the island (here). Tom Hanks did not post a tweet insulting QAnon followers and defending himself against accusations that he visited Epstein Island.

☆ Stocks making the biggest moves midday: Wayfair, Meta, Apple, Spotify, Qualcomm and more
▼ + stars: | 2023-01-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Wayfair — Shares of the furniture retailer jumped 24.1% on Monday after Wayfair received upgrades from multiple Wall Street firms, include a double upgrade to overweight from underweight at JPMorgan. Spotify — Spotify gained 3.1% after the company sent an internal memo to staff on Monday announcing plans to lay off 6% of its global workforce, or about 600 employees. Western Digital — Shares jumped 7% after Bloomberg reported that merger talks between Western Digital and Kioxia are advancing. Western Digital would spin off its flash business and merge it with Kioxia in a separately traded company, the report said. Evoqua shares jumped more than 14% following the announcement.

☆ With no winner Mega Million jackpot climbs to $1.1B
▼ + stars: | 2023-01-07 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

No one claimed a winning $940 million Mega Millions jackpot Friday night — boosting the next drawing to more than $1 billion. No one has won the Mega Millions top prize since Oct. 14, when the jackpot was $502 million. The biggest Mega Millions jackpot ever won was a $1.5 billion prize in 2018. The largest lottery jackpot ever won in the U.S. was the $2.04 billion Powerball jackpot won in November. Mega Millions is played in 45 states as well as in Washington, D.C., and the U.S. Virgin Islands.

☆ Don’t sweat it; there's still a chance to win $940M Mega Millions
▼ + stars: | 2023-01-06 | by ( The Associated Press | ) www.nbcnews.com time to read: 1 min

DES MOINES, Iowa — Lottery players whose numbers didn’t hit or who forgot to even buy a ticket will have another shot at a nearly $1 billion Mega Millions prize when a drawing is held Friday night. The estimated $940 million jackpot has been growing for more than two months and now ranks as the sixth largest in U.S. history. The $940 million jackpot is for winners who choose an annuity, paid annually over 29 years. Winners usually want cash, which for Friday night’s drawing would be an estimated $483.5 million. Mega Millions is played in 45 states as well as in Washington, D.C., and the U.S. Virgin Islands.

☆ Banks seek to quash women’s lawsuits in Jeffrey Epstein case
▼ + stars: | 2023-01-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

NEW YORK — Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges. The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking. The lawsuits, which seek class-action status to represent other Epstein victims, claim that the banks knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the financier. “Without the financial institution’s participation, Epstein’s sex-trafficking scheme could not have existed or flourished,” the lawsuits claim. JPMorgan Chase said Friday that the Jane Doe in its case “is entitled to justice ...

The appearance with McConnell, R-Ky., and other regional leaders from both parties Wednesday signals a dual focus for a White House aiming to stay above the political fray in 2023. But the bipartisan infrastructure law will be front and center as the White House says 20,000 new projects funded by the law will be underway in the year ahead. On Thursday, White House infrastructure coordinator Mitch Landrieu will visit San Francisco, one week after outgoing House Speaker Nancy Pelosi announced that the city’s iconic Golden Gate Bridge will undergo a $400 million retrofit funded by the law. “I’ve never been more optimistic about America in my whole career,” Biden said during an appearance on ABC’s New Year’s Eve special. When asked Friday about whether the 2024 election has come up in discussions this week, Biden quipped: “There’s an election coming up?"

☆ JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein accusers
▼ + stars: | 2022-12-31 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. Epstein was a JPMorgan client from about 2000 to 2013, and a Deutsche Bank client from 2013 to 2018, court papers show. The JPMorgan plaintiff is a former ballet dancer who said Epstein abused and trafficked her from 2006 to 2013, while the Deutsche Bank plaintiff said she suffered from similar misconduct between 2003 and 2018. New York state's financial regulator in July 2020 fined Deutsche Bank $150 million over its relationship with Epstein. The cases are Jane Doe 1 v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.

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